What Is Mortgage Repayment: Benefits, How They Work, Process To Repay & More!

Mortgage Repayment

Mortgage Repayment is the process of paying back a Mortgage Lender the money that the homeowners have borrowed. Typically, Mortgage Repayment consists of periodic Mortgage Payments toward the Mortgage Principal, the original amount borrowed, the Mortgage Rate or Interest, and fees for the privilege of being lent the money. Most Mortgage Lenders allow homebuyers the … Read more

What Is Lender-Paid Mortgage Insurance (LPMI): Reviews, Benefits, Costs, & More!

Lender Paid Mortgage Insurance (LPMI)

Lender-Paid Mortgage Insurance (LPMI) is a form of Mortgage Insurance that is paid for by the mortgage lenders via a one-time fee, rather than by the borrower monthly. Lender-Paid Mortgage Insurance (LPMI), refers to a situation in which the mortgage lender pays for the Mortgage Insurance. While there are various ways to pay for the … Read more